State Bank of Travancore Education Loan , Students loan details , Education Loan Interest Rates , Eligibility , Application Form

State Bank of Travancore

State Bank of Travancore’s Educational Loan - Gyan Jyothi

Objective of the Scheme :

The scheme provides financial assistance to deserving meritorious students to pursue higher education in India and abroad

Eligibility of the Student  :

  • The student should be an Indian National
  • The student Should have  secured admission to professional \ technical courses through entrance test \ merit based selection process conducted by a Govt Agency / University
  • The student Should have secured admission to foreign university institution on the basis of  merit

Studies in India :

  • Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE /AIBMS / ICMR etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
  • Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, degree / diploma in nursing or any other discipline approved by Director General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
  • Approved courses offered in India by reputed foreign universities

Studies over a Wide Area :

  • Graduation: For job oriented professional / technical courses offered by reputed universities.
  • Post graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA-London, CPA in USA etc.
  • Degree / diploma courses like aeronautical, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad.

Liability of Finance :

Expenses allotted for the Loan :

  • Tuition / Examination
  • Library / Laboratory Fee,
  • Cost of Books
  • Purchase of Computers / Equipments / Instruments / Uniforms
  • Cost of Passage for Studies Abroad.
  • Caution Deposit
  • Building Fund

Quantum of Finance :

For studies in India Rs. 10 lacs

For studies abroad Rs. 20 lacs

Margin :

Upto Rs. 4 lacs - Nil

Above Rs.4 lacs -  i) Studies in India - 5%

                              ii) Studies abroad  -15%

Processing Fee / Mortgage Charges : NIL

No processing fee for studies in India.

For studies Abroad

  • Upto Rs.4 lacs - 0.5%
  • Above Rs.4 lacs - 0.4%( Refundable on a ailment of 1st installment )

Rate of Interest :

Loan Amount

Existing loans linked to PLR

New loans sanctioned from 01.07.10 linked to SBT Base Rate

Upto Rs.4 lacs

0.75% below PLR


Above Rs.4 lacsto Rs. 7.25 lacs



Above Rs. 7.5 lacs



  • 0.5 % concession for Girl student
  • All Loans sanctioned on or after 01.07.2010 are linked to SBT Base Rate. Existing loans Sanctioned prior to 01.07.2010 are linked to SBT PLR

Repayment Period of the Loan :

To commence 1 year after completion of course or 6 months after getting job, whichever is earlier. The loan is to be repaid in 10-15 years after commencement of repayment.

For more Details, Kindly refer the following link :



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